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The Revised Estimates and actual collections of Direct Taxes for the last three years are as under:
Financial year | Revised Estimates | Direct Taxes collections |
2012-13 | 5,65,835 | 5,58,658 |
2013-14 | 6,36,318 | 6,38,543 |
2014-15* | 7,05,628 | 6,95,988 |
*provisional/unaudited
The percentage of contribution of direct taxes to the total Central Taxes (direct and indirect) is as under:
Financial year | Direct Taxes | Indirect Taxes | Total Central Taxes (direct and indirect) | Direct Taxes as % of Total Central Taxes |
2012-13 | 5,58,658 | 4,74,482 | 10,33,140 | 54.07% |
2013-14 | 6,38,543 | 4,97,061 | 11,35,604 | 56.22% |
2014-15* | 6,95,988 | 5,44,157 | 12,40,145 | 56.12% |
*provisional/unaudited
This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Rajya Sabha.
Direct taxes share: more than half of central tax revenues in consecutive years, indicating stronger direct tax collections. Direct tax receipts are reported for 2012-13, 2013-14 and provisional 2014-15 with revised estimates and actual collections provided; 2014-15 figures are provisional/unaudited. The release highlights that direct taxes comprised a majority share of total central taxes in each reported year and exceeded half of combined central tax revenues in 2013-14 and provisional 2014-15, as stated in a written reply by the Minister of State in the Ministry of Finance.Press 'Enter' after typing page number.